Revenues

9 Months Ended

Sep. 30, 2021

Revenues

Revenues

Note 2 - Revenues

Nature of Products and Services

The following tables present our revenues by primary product and service offering (in thousands):

	Three Months Ended September 30, 2021						Three Months Ended September 30, 2020
			Software and						Software and
	TASER		Sensors		Total		TASER		Sensors		Total
TASER 7	$	50,641		—	$	50,641	$	21,702	$	—	$	21,702
TASER X26P		9,086		—		9,086		9,766		—		9,766
TASER X2		10,078		—		10,078		14,494		—		14,494
TASER Pulse		967		—		967		2,981		—		2,981
Cartridges		39,313		—		39,313		26,335		—		26,335
Axon Body		—		20,862		20,862		—		15,978		15,978
Axon Flex		—		1,488		1,488		—		1,589		1,589
Axon Fleet		—		6,063		6,063		—		4,215		4,215
Axon Dock		—		6,460		6,460		—		5,708		5,708
Axon Evidence and cloud services		2,711		63,272		65,983		692		45,450		46,142
Extended warranties		6,099		8,983		15,082		5,265		6,514		11,779
Other		2,596		3,370		5,966		3,171		2,582		5,753
Total	$	121,491	$	110,498	$	231,989	$	84,406	$	82,036	$	166,442

	Nine Months Ended September 30, 2021						Nine Months Ended September 30, 2020
			Software and						Software and
	TASER		Sensors		Total		TASER		Sensors		Total
TASER 7	$	112,760		—	$	112,760	$	48,616	$	—	$	48,616
TASER X26P		28,618		—		28,618		30,338		—		30,338
TASER X2		39,001		—		39,001		45,401		—		45,401
TASER Pulse		4,873		—		4,873		6,374		—		6,374
Cartridges		116,409		—		116,409		76,732		—		76,732
Axon Body		—		60,545		60,545		—		40,645		40,645
Axon Flex		—		3,481		3,481		—		3,452		3,452
Axon Fleet		—		15,073		15,073		—		13,088		13,088
Axon Dock		—		18,889		18,889		—		14,714		14,714
Axon Evidence and cloud services		5,809		175,933		181,742		1,776		126,495		128,271
Extended warranties		17,602		24,632		42,234		15,340		17,707		33,047
Other		7,946		14,232		22,178		6,214		7,971		14,185
Total	$	333,018	$	312,785	$	645,803	$	230,791	$	224,072	$	454,863

The following table presents our revenues disaggregated by geography (in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2021				2020				2021				2020
United States	$	192,756	83	%	$	143,380	86	%	$	518,050	80	%	$	368,390	81	%
Other countries		39,233	17			23,062	14			127,753	20			86,473	19
Total	$	231,989	100	%	$	166,442	100	%	$	645,803	100	%	$	454,863	100	%

Contract Balances

The following table presents our contract assets, contract liabilities and certain information related to these balances as of and for the nine months ended September 30, 2021 (in thousands):

	September 30, 2021
Contract assets, net	$	174,370
Contract liabilities (deferred revenue)		362,543
Revenue recognized in the period from:
Amounts included in contract liabilities at the beginning of the period		145,012

Contract liabilities (deferred revenue) consisted of the following (in thousands):

	September 30, 2021						December 31, 2020
	Current		Long-Term		Total		Current		Long-Term		Total
Warranty:
TASER	$	14,332	$	10,763	$	25,095	$	11,635	$	16,953	$	28,588
Software and Sensors		19,436		18,850		38,286		13,926		5,025		18,951
		33,768		29,613		63,381		25,561		21,978		47,539
Hardware:
TASER		24,775		9,252		34,027		16,314		14,304		30,618
Software and Sensors		37,398		42,981		80,379		25,181		50,981		76,162
		62,173		52,233		114,406		41,495		65,285		106,780
Services:
TASER		1,993		2,308		4,301		996		1,554		2,550
Software and Sensors		152,717		27,738		180,455		95,907		22,405		118,312
		154,710		30,046		184,756		96,903		23,959		120,862
Total	$	250,651	$	111,892	$	362,543	$	163,959	$	111,222	$	275,181

	September 30, 2021						December 31, 2020
	Current		Long-Term		Total		Current		Long-Term		Total
TASER	$	41,100	$	22,323	$	63,423	$	28,945	$	32,811	$	61,756
Software and Sensors		209,551		89,569		299,120		135,014		78,411		213,425
Total	$	250,651	$	111,892	$	362,543	$	163,959	$	111,222	$	275,181

Remaining Performance Obligations

As of September 30, 2021, we had approximately $2.39 billion of remaining performance obligations, which included both recognized contract liabilities as well as amounts that will be invoiced and recognized in future periods. The remaining performance obligations are limited only to arrangements that meet the definition of a contract under Topic 606 as of September 30, 2021. We expect to recognize between 15% - 20% of this balance over the next twelve months, and generally expect the remainder to be recognized over the following five to seven years, subject to risks related to delayed deployments, budget appropriation or other contract cancellation clauses.